Jan 23, 2018 Guest(s): Jim Rickards Best-selling Author A rapidly increasing price level for gold may not be beneficial to investors, said best-selling author, Jim Rickards.$10,000 an ounce is "approximately the implied non-deflationary price of gold in a gold-backed monetary system," Rickards told Kitco News on the sidelines of the Vancouver Resource Investment Conference.Rickards noted, howeve...Read More
Jan 22, 2018 Guest(s): Rick Rule Gold will do well this year but is not on a verge of a breakout, says Rick Rule, CEO of Sprott U.S. Holdings."Confidence in too many things is too high," Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "gold does well when people are afraid of other stuff."Rule is more upbeat on gold miners, despite miners having lagged phy...Read More
DUBAI, Jan 21 (Reuters) - Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Stocks rise as shutdown brews, bond yield at 3-1/2 yr high * MIDEAST STOCKS-Egypt buoyed by M&A activity, Widam Food soars in Qatar * Oil prices fall as rally falters on gro...Read More
Talks continue on Capitol Hill on a way to end a government shutdown after funding lapsed at the end of Friday. Bipartisan lawmakers seek a solution on government spending, immigration and health care after a temporary spending bill failed in the Senate late Friday night. Among Republicans, momentum gathered for an amended stopgap spending plan. Jacob Pramuk | Christina Wilkie Published5:04PM...Read More
Trump took to Twitter to blame Democrat lawmakers for the current impasse in Washington in a series of tweets. The shuttering of the federal government touched off a round of partisan blame-shifting. Graham Smith and Javier E. DavidPublished 12 Hours AgoUpdated5 Hours AgoCNBC.comSHARES Andrew Harrer | Bloomberg | Getty ImagesPresident Donald Trump in the Rose Garden of the White House in Washi...Read More
FRANKFURT, Jan 20 (Reuters) - German car parts maker Schaeffler sees no merit in splitting the company, contrasting with peers such as Continental , Delphi or Autoliv , which have spun off units or are considering doing so."In my eyes, it would be unwise if the units (of Schaeffler) would go their separate ways," Chief Executive Klaus Rosenfeld was quoted by German weekly Automobilwoche...Read More
SHANGHAI, Jan 20 (Reuters) - China's stock market regulator has approved five new initial public offerings (IPOs), which will aim to raise a total of no more than 6.7 billion yuan ($1.05 billion), the official news agency Xinhua reported on Saturday.Zoy Home Furnishing Co Ltd, Jiayou International Logistics Co Ltd and Hebei Yangyuan Zhihui Drinks Co Ltd will all list on the main board of the Shang...Read More
Adam HamiltonArchivesJan 19, 2018 The world's leading gold-stock ETF is nearing a major upside breakout from key technical levels. GDX is getting closer to challenging and powering above $25. That would accelerate the sentiment shift in this deeply-undervalued sector back to bullish, enticing investors to return. Good operating results from the major gold miners in their upcoming Q4'17 earnings se...Read More
Treasury yields reach highest since 2014, dollar gainsGold climbs on strength in precious metals, crude slidesHSBC's Major Says He Would Sooner Be Buying Than Selling 10-Year YieldsU.S. stocks shrugged off the government shutdown drama in Washington and rose to all-time highs following a report that regulators are close to further easing banking rules. Treasury yields reached the highest level in...Read More
Here are five things you must know for Friday, Jan. 19: 1. -- Stocks Higher but Government Shutdown Looms U.S. stock futures pointed to gains for Wall Street on Friday, Jan. 19, even as investors grew increasingly concerned the federal government will be forced into a shutdown at midnight unless lawmakers can reach an 11th-hour agreement on funding. The House of Representatives passed a...Read More
Today, more than 5 million Americans suffer from Alzheimer's disease, and millions more will be diagnosed in the years to come.But those days could soon be over.I've discovered companies working on a new treatment that has the potential to do much more than just mask Alzheimer symptoms.If this new treatment lives up to its promise, it could deliver incredible profits in short order.Here's what you...Read More
Staring at your computer screen and smartphone all day is probably ruining your eyes.But your eyeballs are the least of your troubles. That's because your favorite social media app isn't just messing with your vision. It's probably affecting your mental health, too.The internet, smart phones, and social media are relatively new inventions. Researchers are barely scratching the surface when it come...Read More
Where does Ford go from here?Your Editor Zach Scheidt and I have talked plenty about the company’s tailwinds over the last few months.The booming economy has spawned a wealth effectRecent hurricanes destroyed countless cars in Texas and FloridaFord is “all in” on self-driving and electric vehiclesBut the stock is now back above $12 — up 15% since August.Which begs the quest...Read More
In my opinion, Lucapa is the most promising publicly traded junior diamond miner.Regular finds of large, top-white diamonds at its Lulo concession suggests its drawing nearer to a major kimberlite diamond resource that will attract the majors.Lucapa is focused on finding and producing large and colored diamonds, the parts of the diamond market that have seen steady price growth in recent years.Exp...Read More
Institutional investors looking for asset diversificationInflationary talk prompting search for portfolio hedgeGold Soars as Crypto Currencies PlungeInstitutional investors are showing renewed interest in gold due to the softer U.S. dollar, rising bond yields and concern about stretched asset valuations. Some big investors are seeking to diversify their portfolios and taking a hard look at gold as...Read More
Rainy River's AISC is expected at $875/toz over the first 9 years of production, which is notably higher than originally projected.New Gold is working on an update of the Rainy River mine plan. It estimates that the average annual production could be 275,000-375,000 toz gold over the first 9 years.Despite the higher than expected Rainy River AISC, if New Gold hits the 2018 guidance, the share...Read More
It is a pleasure to speak again at the Empire Club.I have always believed that the future price of gold is best understood through long-term irreversible trends. Today’s macro trend changes are part of a looming tectonic shift that started decades ago, and have not been adequately reported by the mainstream media.Since the 2008 financial crisis, the Bank for International Settlements (BIS) i...Read More
- 'Gold is in the early stages of a sustainable long-term bull market' Rickards- Rickards believes the next bull market in gold will be even more powerful than those of 1971-1980 and 1999-2011- This new rally could send gold $1,475 or higher by next summer thanks to Fed rate hikes- Warns of Peak Gold 'Physical gold is in short supply. Refiners can't get enough to meet demand.'- 'Now looks like a g...Read More
As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in long-term interest rates to potential if not probable limits (Amigo 2) and an end to the yield curve's flattening trend (Amigo 3).When our zany friends complete the journey, big changes are likely in the macro markets.Let's take a checkup on each Amig...Read More
Our proprietary cycle indicator is up.To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.InvestorsDuring a major buy sign...Read More